Packet 6: Bonus 11
According to Dutch economist Jan Tinbergen’s “norm,” this quantity is socially undesirable if the ratio of its highest and lowest values is more than five. For 10 points each:
[10m] Name this quantity which, in its namesake “effect,” causes less inferior goods to be bought as it increases. A hypothesis by Milton Friedman distinguishes between the “permanent” and “transitory” forms of this quantity.
ANSWER: income [accept income effect; or permanent income hypothesis]
[10h] Jan Tinbergen won the Nobel Prize in 1969 alongside Ragnar Frisch for pioneering dynamic models in this subfield. This subfield uses techniques like regression analysis to quantify economic relationships.
ANSWER: econometrics
[10e] This man critiqued Tinbergen’s econometric methods by arguing that economic relations change because of the field’s fundamental uncertainty. This British economist wrote The General Theory of Employment, Interest and Money.
ANSWER: John Maynard Keynes
<Social Science - Economics, Sarkar> | VAULT II Packet 06
| Heard | PPB | E % | M % | H % |
|---|---|---|---|---|
| 42 | 13.81 | 79% | 21% | 38% |
Conversion
Summary
| Tournament | Edition | Match | Heard | PPB | E % | M % | H % |
|---|---|---|---|---|---|---|---|
| VAULT II at Georgia Tech | 2026-01-24 | ✓ | 6 | 11.67 | 67% | 33% | 17% |
| Triangle Cup | 2026-03-13 | ✓ | 3 | 13.33 | 100% | 33% | 0% |
| VAULT II at Eden Prairie HS | 2026-03-13 | ✓ | 2 | 10.00 | 100% | 0% | 0% |
| VAULT II at McGill | 2026-03-13 | ✓ | 4 | 10.00 | 75% | 25% | 0% |
| VAULT II at UCSB | 2026-03-13 | ✓ | 4 | 12.50 | 50% | 0% | 75% |
| VAULT II Northern UK | 2026-04-24 | ✓ | 3 | 13.33 | 100% | 0% | 33% |
| VAULT II Southern UK | 2026-04-24 | ✓ | 4 | 17.50 | 100% | 25% | 50% |
| VAULT II at Harvard | 2026-04-30 | ✓ | 3 | 20.00 | 100% | 33% | 67% |
| VAULT II at MINT | 2026-06-19 | ✓ | 5 | 4.00 | 40% | 0% | 0% |
| VAULT II Stanford Online | 2026-07-17 | ✓ | 8 | 21.25 | 88% | 38% | 88% |